Soho House: How billionaire Tyler Morse and his former boss are buying up London hospitality Soho House marked the end of its four-year spell on the Nasdaq this week after it reached an agreement to be taken private by US hotel giant MCR in a $2.7bn (£2bn) deal. The swish members’ club, which was founded in Soho’s Greek Street by restauranteur Nick Jones in 1995, has grown into a sprawling [...]
Central London offices ‘top pick’ for UBS real estate analysts Investing London office real estate investment trusts (REITs) like British Land are the “top pick” for UBS analysts, as interest in the capital has surged since the start of the year. As property investors seek to move away from the US to avoid the uncertainty created by president Donald Trump, the UK has been one of [...]
Buy Segro amid real estate sector strength, says UBS Investing UBS analysts have backed real estate stocks like Segro and British Land after the sector has managed to hold out during the global stock exchange crash caused by the US trade war. Since the start of 2025, global stock markets have tanked, spurred on by the introduction of sweeping tariffs by US president Donald Trump. [...]
Segro: Data centre demand fuels growth at warehousing giant February 14, 2025 Warehousing giant Segro has reported a double-digit jump in profit driven by demand for data centres and improving investment market conditions. Shares were flat in early trades. Adjusted profit before tax at the FTSE-100 real estate investment trust (REIT) grew 14.9 per cent in the year ended December 31 to £470m. Adjusted earnings per share rose 5.5 per [...]
Home REIT: Beleaguered property fund value falls 60 per cent January 14, 2025 Scandal-hit housing investor Home REIT has published its long-delayed 2023 annual results, revealing its property portfolio has been valued at just 40.7 per cent of its original purchase cost. The results for the year to 31 August 2023 revealed that the value of Home REIT’s assets had decreased by more than a third in a [...]
Segro backs down from Tritax bidding war amid asset buying spree November 12, 2024 Segro has failed to up its offer for a takeover of Tritax Eurobox despite being outbid by Brookfield, leaving the latter victorious in the bidding war. Despite failing to successfully take over the real estate investment trust, Segro said today that it had bought about a third of Tritax Eurobox’s assets for 470m euros (£389m). [...]
The five REITs primed to be bought next October 26, 2024 Real estate investment trusts (REITs) have been dropping like flies this year, as competitors increasingly pursue mergers to grow their size, and many have begun to speculate about which one might be next to go. The largest merger of the year was LXI REIT, which was bought out by Londonmetric Property at the start of [...]
British Land splashes out on portfolio of retail parks October 3, 2024 Property giant British Land announced this morning that it has acquired a portfolio of seven high-quality retail parks for £441m. The company said the deal would be funded from existing resources as well as an equity placing of approximately £300m, by way of an accelerated bookbuild offering. The group acquired the retail parks from Canadian [...]
Are REITs on course for a recovery? October 1, 2024 Real estate investment trusts (REITs) have had a tough time over the past two years as central banks hiked interest rates and the property market was plunged into a downturn. Not a single one of the 33 REITs listed in London are currently trading at a premium, with the average share price is sitting on [...]
Regional REIT on ‘much stronger footing’ after emergency capital raise September 10, 2024 Commercial property specialist Regional REIT has reported a relatively robust first half despite an emergency capital raise earlier this year and a still-challenging commercial property market. The London-listed firm, which in June issued a £110m capital raise to stave off liquidation, said it had paid off in full its £50m retail bond and that the company is [...]